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cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >> willing to go over the cliff, i guess they are but they also don't believe republicans are going to go over the cliff. >> he can win politically but the costs, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means
cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the...
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cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failureto resolve the issues. joining as, former spia assistant to president george w. bush, a veteran political consultant and republican pollster. let's tart, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the preside i very ready because they arereading into this election last month a mandate that i simply don't see. the president got 15 million americans to vote against him which fail to produce any type of meaningful budget in his democratic controlled snate. we are at the disco club because of the president's inability to ev a single-day tackle entitlement reform and take it seriously talk about tax reform instead of tax hike so i think the way to have honest good faith initiations is to come to the table closer together. lou: before we restructure negotiations that act have not taken place, the republican side of t
cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failureto resolve the issues. joining as, former spia assistant to president george w. bush, a veteran political consultant and republican pollster. let's tart, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the preside i very ready because they arereading into this election last month a mandate that i simply don't...
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cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are very consistent. the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. tha
cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they...
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't reached it, will be the fault of republicans and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last...
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Nov 30, 2012
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and, of course, we know that once they go over the fiscal cliff and those that -- that cap cal gains rate goes back to the clinton era it will be a 20% rate anyway. one way or another it's going to up. that's all i am saying. nancy took cook, thank you so much from the national journal thank you for join is us inside the war room. coming up, the car room is is not in the prediction business but we hear there is good money in it. so we are going to jump in. our best guess on how this negotiation will play out right after the break. plus what would thomas jefferson do with the fiscal cliff? funny you should and s author john meechum's new biography on the founder father sheds new light on the man and his method and he, john meechum will join us in the war room. and later mitt romney finally got into the white house don't worry, though it was just for a bowl of chili. ititititititititititititititititititititititititititit before the sneeze, help protect with a spray. before the tissue, help defend with a wipe. before the cold & flu season help prevent with lysol. because when you have 1
and, of course, we know that once they go over the fiscal cliff and those that -- that cap cal gains rate goes back to the clinton era it will be a 20% rate anyway. one way or another it's going to up. that's all i am saying. nancy took cook, thank you so much from the national journal thank you for join is us inside the war room. coming up, the car room is is not in the prediction business but we hear there is good money in it. so we are going to jump in. our best guess on how this negotiation...
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they can staunch the bleeding from falling off the fiscal cliff if that happens. >> bret: ed, the former presidential candidate mitt romney was at the white house today. >> it's relatively brief. we had lunch with turkey chili and not business. president did have a specific job offer or anything for mitt romney. after the white house put out a statement to say they pledge to keep in touch if the opportunity arises down the road that sounded like not so much. >> bret: did biden bring by the apple pie? >> they may save that for a celebration if hay get a deal. >> all right, ed. thank you. >> major retailers are reporting weaker than expected holiday sales so far. november receipts are 1.7% over last year. that is well below the 4.5 to 5.5 predicted for holiday season. the economy grew at 2.7% in the third quarter better than the figure announced. the dow was up 37. the s&p 500 gained six. nasdaq finished ahead 20. syrian rebels struck a major blow in the heart of the government today killing a top ruling of the party in a car bombing and someone is cutting off internet and cell phone commu
they can staunch the bleeding from falling off the fiscal cliff if that happens. >> bret: ed, the former presidential candidate mitt romney was at the white house today. >> it's relatively brief. we had lunch with turkey chili and not business. president did have a specific job offer or anything for mitt romney. after the white house put out a statement to say they pledge to keep in touch if the opportunity arises down the road that sounded like not so much. >> bret: did biden...
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let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put ba
let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be...
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i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military installations. 5 colleges and universities. 11 indian tribes. the best college football team in america. it is a very special place. i would argue with your statistics. i just won reelection with 68% of the vote. having said all that, the idea that the paul ryan budget is about getting rid of social programs is ntot so. it is about saving them. these programs are going bankrupt. all are going to have to be reformed. if the president gets every tax increase he is asking for, let's just assume that he did, it would not come close to solving the budgetar
i think that fiscal cliff is just a big red herring. your district has the shortest life span in the country for women. the infant mortalithighest infay rate in the country. we follow mississippi. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party -- come and look at your district. guest: i would be delighted to have people come and look at my district and then it is 14,000 farms and ranches with two military...
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. >>> they are turning down the latest with the fiscal cliff crisis. opponents say they will not bulging. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new
. >>> they are turning down the latest with the fiscal cliff crisis. opponents say they will not bulging. >> reporter: house republicans want big spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who...
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Dec 7, 2012
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cliff. tonight maryland's senator ben cardin joins me for some perspective from the other side of the river. senator, we're so glad to have you. >> my pleasure. >> we are in the midst of a stalemate, the president holding onto the idea of raising rates, the congress dominated by the mouse republicans saying we want to -- house republicans saying we want to close loopholes. where are you on this and why not have a combination of the two? >> it seems like both sides agree revenues have to be an important side of the equation and that's true. the easiest way to get revenue is through the rates. the senate passed this bill. it's in the house that allows tax relief for up to $250 to become law. that gives predictability and confidence and we can then have the revenue from the higher income to help deal with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is
cliff. tonight maryland's senator ben cardin joins me for some perspective from the other side of the river. senator, we're so glad to have you. >> my pleasure. >> we are in the midst of a stalemate, the president holding onto the idea of raising rates, the congress dominated by the mouse republicans saying we want to -- house republicans saying we want to close loopholes. where are you on this and why not have a combination of the two? >> it seems like both sides agree...
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the essential components of that right now is to avoid the fiscal cliff and give certainty to the middle class passing those middle class tax cuts rate now. >> you have just articulated what i anticipate we'll hear from the president in the state of the union. the politics of knocking on doors, the good streets politics of the grassroots party. there's greater unit, which is important. >> this election was not just two paths and visions laid out on issues. you had a handful of billionaires on the republican side trying to buy the white house from mitt romney and you had a grass roots movement that was organized from the ground up with volunteers, people-powered campaign. it demonstrated that you can't buy democracy in this country. you really have to work it, and hour voters and supporters were determined to get out their get to work, and stay on line, even with all the obstacles thrown in their way by republicans across the country preventing them from getting access to the polls. >> it's so important. there were two competing advices. in a way this was a good election for democracy. th
the essential components of that right now is to avoid the fiscal cliff and give certainty to the middle class passing those middle class tax cuts rate now. >> you have just articulated what i anticipate we'll hear from the president in the state of the union. the politics of knocking on doors, the good streets politics of the grassroots party. there's greater unit, which is important. >> this election was not just two paths and visions laid out on issues. you had a handful of...
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rate at nearly 52%. >>> forbes is out with the 2012 most powerful people list. president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflec
rate at nearly 52%. >>> forbes is out with the 2012 most powerful people list. president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than...
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before, they were talking about increasing rates. that was bad enough and now they saves increase rates and get rid of deductions. a huge increase in demand on tax rises. does that concern you? >> absolutely. this is a proposal was brought to the table and on the republican side kind of laughed at and not take it seriously at all. some concern for the market because we are no closer than we were two week ago to any kind of agreement at all and if history has taught us anything with washington d.c. they don't solve anything until it comes to the last minute and all that uncertainty creates a lot of volatility in the market and we're seeing that more and more and will continue to see that for the next 30 days. liz: you to in this out and listen with one ear because you have been long-term bullish. how do you proceed when there is this echo chamber out of washington d.c. about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am see
before, they were talking about increasing rates. that was bad enough and now they saves increase rates and get rid of deductions. a huge increase in demand on tax rises. does that concern you? >> absolutely. this is a proposal was brought to the table and on the republican side kind of laughed at and not take it seriously at all. some concern for the market because we are no closer than we were two week ago to any kind of agreement at all and if history has taught us anything with...
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the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >> stephanie: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he pointed out, taxes were the
the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world...
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. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we hav
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are...
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>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the president. >> we need new thinking and renewed efforts from all americans. >> reporter: republicans and democrats are voicing support for extending middle class tax cuts until a larger deal is found. >> which i hope they will. that that will be a victory for the american people. >> reporter: republicans, like virginia's eric cantor, said the gop has offered plans that will avoid tax hikes. >> and the proposal that we sent to the president deserves a response. >> repor
>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a...
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fortunate americans and others to avoid the fiscal cliff between now and december 31st but take what we agree on which is that the middle class tax cuts should be extended and tax rates should not go up for the middle class, let's do that now. the republicans refuse to do that thus far, which is sort of baffling. even some of their senior members like tom cole from oklahoma have said let's take that deal, but let's pass the tax cuts for the middle class and we're talking about making sure that tax rates for 98% of all americans and 97% of all businesses. it's a small percentage of individuals that make more than $250,000 a year that tax rates would go up just a little bit. we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundta
fortunate americans and others to avoid the fiscal cliff between now and december 31st but take what we agree on which is that the middle class tax cuts should be extended and tax rates should not go up for the middle class, let's do that now. the republicans refuse to do that thus far, which is sort of baffling. even some of their senior members like tom cole from oklahoma have said let's take that deal, but let's pass the tax cuts for the middle class and we're talking about making sure that...
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some economists actually call this the fiscal float instead of the cliff because the impact would be felt gradually. however, "the wall street journal" reports others sharply disagree. they argue that quickly undoing the damage double from the cliff dive would have big consequences. some possible ways here. it could prompt sell-offs on wall street. we've already seen those. it could also further dampen consumer confidence in washington. we saw that during the debate last year over raising the federal debt ceiling. >>> looking overseas, it's interesting to get a read on how other countries are perceiving the fiscal cliff fight on capitol hill. the"the washington post" ran through head lines in international papers. the gist of the coverage, china thinks the bickering in the u.s. is irresponsible. the people's daily says especially coming from a country that often tells other nations to be responsible. of course that's a big mouth piece for the communist party, that particular newspaper. heading across the pond to our friends in the uk, the financial times is blaming the g.o.p. for the
some economists actually call this the fiscal float instead of the cliff because the impact would be felt gradually. however, "the wall street journal" reports others sharply disagree. they argue that quickly undoing the damage double from the cliff dive would have big consequences. some possible ways here. it could prompt sell-offs on wall street. we've already seen those. it could also further dampen consumer confidence in washington. we saw that during the debate last year over...
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. >> going over the fiscal cliff also means the 2% payroll tax holiday would expire. it would mean cuts in unemployment benefits for millions of families. lawmakers have until december 31st to agree on a deal. >>> as we reported earlier this evening, the president took a break to join the first family for the lighting of the national christmas tree on the ellipse. as fox 5's bob barnard tells us, others there say that icy chill in the air needs to thaw if we're ever going to avoid that fiscal cliff. >> reporter: yes, the president and malia obama with sasha and first lady michelle leading a chorus of santa claus is coming to town. >> one. >> reporter: the ceremony of music and lights as the national christmas tree comes to life. >> i'm so excited for christmas. i can feel christmas already now. >> reporter: but the holiday cheer, the spectacle of this illuminating tradition tempered by thoughts of the looming fiscal cliff. >> he's making us wait a little bit. >> reporter: this is 6-month- old evan nicolsky. his father neil works for the department of agriculture. >> w
. >> going over the fiscal cliff also means the 2% payroll tax holiday would expire. it would mean cuts in unemployment benefits for millions of families. lawmakers have until december 31st to agree on a deal. >>> as we reported earlier this evening, the president took a break to join the first family for the lighting of the national christmas tree on the ellipse. as fox 5's bob barnard tells us, others there say that icy chill in the air needs to thaw if we're ever going to...
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the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie: all right. >> caller: the fact of the matter is simply this. timothy geithner proposed a bu
the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't...
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we know we have a fiscal cliff, we know that we don't want to see tax rates go up for the middle class and yet the republicans say that they're going to hold up all those tax breaks for 98% of our people because they want to hold onto the tax breaks for billionaires and for millionaires. we had an election about that. people agree with us. and i suppose we're going to have to hear these speeches every day about how we're going to grow our way out of the deficits, we're going to grow our way out of the deficits, really. look what happened under george w. bush. he inherited surpluses, turned it into deficits as far as the eye can see with huge tax cuts to the millionaires and billionaires, huge. the very tax cuts our friends are defending right now. he did two wars on a credit card and we wound up in a mess. so we have to come together with the best ideas that we have, and i know we can reach agreement, but let us do the first step which is to take care of 98% of the people. the republicans want to have tax breaks for 100% of the people. we're saying can you take 98%? if i stopped you on
we know we have a fiscal cliff, we know that we don't want to see tax rates go up for the middle class and yet the republicans say that they're going to hold up all those tax breaks for 98% of our people because they want to hold onto the tax breaks for billionaires and for millionaires. we had an election about that. people agree with us. and i suppose we're going to have to hear these speeches every day about how we're going to grow our way out of the deficits, we're going to grow our way out...
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but after the fiscal cliff happens january 1st tax rates go up on everyone so the solution would be vote are for a serious of tax cause. >> i think what's disturbing here you're hearing the same tone creep back in the conversation that we heard before. do you think it's different this time? >> it's identical. i feel like i'm going through this horrible deja vu. this is the fifth time we've been through this. the posturing is the same. the claims of bad faith are the same. then on both sides you have liberals and conservatives, newt gingrich making the case this whole cliff thing was a creation of the other side. you have a group denying this central debate is really worth having right now. none of this feels we're inching towards a deal. >> looking backwards instead of forward. >>> for waterlogged californians this is the calm between the storm. much of the state has been battered by two storms that brought torrential rains, mudslides and flash flooding and storm number three is on its way. carter evans has the latest. >> reporter: as the powerful winter storm moved across the west nevad
but after the fiscal cliff happens january 1st tax rates go up on everyone so the solution would be vote are for a serious of tax cause. >> i think what's disturbing here you're hearing the same tone creep back in the conversation that we heard before. do you think it's different this time? >> it's identical. i feel like i'm going through this horrible deja vu. this is the fifth time we've been through this. the posturing is the same. the claims of bad faith are the same. then on...
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. >>> they are talking about the fiscal cliff but no word of any significant progress. this comes as another republican says he is willing to break ranks on the standoff. he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line here in california. pam for months, pentagon leaders are insisting they are not preparing for major cuts but that's all changing under orders from the white house and they are starting to think about how they will face part of their budget. leon panetta said the cuts will be devastating to our national defense. experts predict, 1 in 5 in california will be lost. no now the arrow space reports -- now the arrow space reports 13 5,000 jobs will be lost along with 9,000 agency jobs for a total of 22 5,000 jobs lost in california over the next few years. the pentagon has said, the army would likely face th
. >>> they are talking about the fiscal cliff but no word of any significant progress. this comes as another republican says he is willing to break ranks on the standoff. he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line...
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cliff, six out of ten voters in november said the tax rates should go up, how much longer can he afford to politically keep this pledge and he said look, you heard it there, the rates when we close the revenues, loopholes will go up on the rich people. that still is the mindset. what's interesting, is talking to republicans leaving the house conference gop conference this morning, there is a lot of support for speaker boehner. there aren't cracks like there were during the debt limit where he had a faction that was lining up against him wholeheartedly. even after yesterday we heard all the stuff of fallout from the conservative right against his position, that conference this morning was pretty supportive of speaker boehner and seem to be -- say something we say way too often here in washington, d.c., doubling down on the speaker's approach, at least here in early december. >> everyone seems to be doubling down, luke. i mean the idea that now nobodies's moving at all. i thought it was interesting that boehner is adopting the rhetoric kind of fairness saying we're going to -- won't say t
cliff, six out of ten voters in november said the tax rates should go up, how much longer can he afford to politically keep this pledge and he said look, you heard it there, the rates when we close the revenues, loopholes will go up on the rich people. that still is the mindset. what's interesting, is talking to republicans leaving the house conference gop conference this morning, there is a lot of support for speaker boehner. there aren't cracks like there were during the debt limit where he...
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that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that will be in early january. and the tax rate for all americans. in 2001 and 2003 and then extended during the lame duck of 2010, every americans' tax rates were extended out to expire the 31st of december. every tax rate from the lowest to the highest is set to go up. some people see the problem is we're not taxing enough and so that solves the problem. to just go off the fiscal cliff and everyone will be taxed more. some say we don't take from some group and give to the other. some say go to the clinton tax rate. we had a booming economy a
that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that...
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economy, american people through the fiasco of going over the fiscal cliff. >> which is worse? >> as i told the president a couple weeks ago, there is a lot of things i have wanted in my life but almost all of them had a price tag attached to them. in we are going to talk about the debt limit in this, we are -- there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> there is a live twitter feed with comments from viewers and reporters with documents and links at c-span.org/fiscalcliff. democrats have been meeting, holding their leadership elections. all positions were unanimously elected by aically mation. no surprise. democratic leader, nancy pelosi, the whip is steny hoyer, the assistant democratic leader, jim clyburn, and change in the caucus, becerra, becomes the coucks chairman and joe crowley of new york the vice chairman. they also n
economy, american people through the fiasco of going over the fiscal cliff. >> which is worse? >> as i told the president a couple weeks ago, there is a lot of things i have wanted in my life but almost all of them had a price tag attached to them. in we are going to talk about the debt limit in this, we are -- there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or...
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it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is
it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before...
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cliff while stepping out for a night of glamour. the democrat from san francisco stroll photographers last night at the kennedy center honors in washington, d.c.. she told reporters it would be a wonderful christmas gift to the american people to have a tax cut come january. the annual gala event at the kennedy center honored entertainment greats. they received the nation's highest ward for influencing culture through art. >> a little bit of talent in that room, i think. >> i know you wanted to be there. >> i would have loved it. 6:18 i am >>> let's talk about -- dryness, for a while, going to be and today, tomorrow this time, rain up in the north bay, wednesday at this time, definitely rain around all of our neighborhoods once again. good morning. looking down from mount tamalpais you can see some of the fog in the foreground that's what is hugging 101 from novato towards petaluma in the background high clouds keeping fox keeping fog from forming in other areas. look at live doppler, a sight for sore eyes, wet eyes or hands or any
cliff while stepping out for a night of glamour. the democrat from san francisco stroll photographers last night at the kennedy center honors in washington, d.c.. she told reporters it would be a wonderful christmas gift to the american people to have a tax cut come january. the annual gala event at the kennedy center honored entertainment greats. they received the nation's highest ward for influencing culture through art. >> a little bit of talent in that room, i think. >> i know...
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finally this week, there is a much more serious potential issue on the table than the fiscal cliff, folks. secretary of state hillary clinton did an unusual thing and warned president assad there will be consequences if he crosses a line and uses chemical weapons. we know why. pentagon sources tell nbc news the syrian government has loaded seran gas a deadly nerve agent, into aerial bombs and is just waiting for a command from president assad to use it. this week u.s. intelligence detected that flurry of activity at chemical weapon sites. >> our concerns are an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. we have sent an unmistakable message that this would cross a red line and those responsible would are held to account. >> this morning in dublin a sign that the diplomacy is intensifying secretary clinton met with her counterpart, russian minister lab rov and a u.n. special envoy on the side of an international security conference she is taking part in. russia is one of syri
finally this week, there is a much more serious potential issue on the table than the fiscal cliff, folks. secretary of state hillary clinton did an unusual thing and warned president assad there will be consequences if he crosses a line and uses chemical weapons. we know why. pentagon sources tell nbc news the syrian government has loaded seran gas a deadly nerve agent, into aerial bombs and is just waiting for a command from president assad to use it. this week u.s. intelligence detected that...
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one of the thorniest elements of the so-called fiscal cliff. host: that's the lead story this morning in the "wall street journal." marisa is a democrat in montana. marisa, good morning to you. the g.o.p. says address the spending problem. what do you think? caller: oh, thank you so much for taking my call. i'm so grateful and so grateful for c-span. let's never forget the dark days of the bush administration when dan rather got fired and no one would talk about anything. this open dialogue, which does lead to solution of problems. i'm so grateful, thank you c-span. i would like to say that i can remember at the very beginning of the bush administration when those democratic congressmen got up and said if we do this we're going to have these dire financial problems. sure enough we did. and then it's the bush's administration lack of leadership that has brought us into all these gigantic problems like the b.p. oil spill, due to lack of oversight. so thank you so much, we can solve our problems, there is such a thing as a possiblist, possibility,
one of the thorniest elements of the so-called fiscal cliff. host: that's the lead story this morning in the "wall street journal." marisa is a democrat in montana. marisa, good morning to you. the g.o.p. says address the spending problem. what do you think? caller: oh, thank you so much for taking my call. i'm so grateful and so grateful for c-span. let's never forget the dark days of the bush administration when dan rather got fired and no one would talk about anything. this open...
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we are looking at some tough economic numbers, even as we head toward the fiscal cliff, which could make it even worse. so we need to do all we can to ensure that our workers and our farmers have access to the 95% of consumers who live outside of our borders. that adds jobs. and when companies consider whether they're going to get into the export business or not which, again, creates opportunity here, they want to know are they going to be treated with certainty, predictability, with fairness in the marketplace. exporters need to know that the country doesn't play by the rules, that country will then face consequences. and those consequences really is what the world trade organization is all about. that's why this discussion is so important, because by today or tomorrow voting to authorize permanent normal trade relations with russia, we then can take advantage of the world trade organization rules as they relate to russia and our trade with them. russia joined the w.t.o. on august 22, and the united states was a big part of that accession we were talking for 18 years with russia to ensu
we are looking at some tough economic numbers, even as we head toward the fiscal cliff, which could make it even worse. so we need to do all we can to ensure that our workers and our farmers have access to the 95% of consumers who live outside of our borders. that adds jobs. and when companies consider whether they're going to get into the export business or not which, again, creates opportunity here, they want to know are they going to be treated with certainty, predictability, with fairness...
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remish, you have written about the pessimistic view on the fiscal cliff negotiations. why don't you think a deal gets done? >> well, i just think the parties are too far apart. if president obama wants republicans to agree not only to allow the top tax rates to go up, but also put a new millionaire surtax, new stimulus funding, there's no way republicans do that without many entitlement reform. i think the democrats are prepared to allow, and that's why i just think that i agree with the congressman. i think that we are likely not to get a deal before the beginning of the year. >> but do you think it was a senator lindsey graham indicated there at the beginning, do you think it was a political calculation or is a political calculation on the part of the white house? >> well, i think there are political calculations being made by everybody in washington right now, but i don't think it's a secret that the democrats believe, in a lot of cases, that they have the upper hand in the p.r. war over this issue. >> perry, this is grover norquist just a few hours ago on "meet the
remish, you have written about the pessimistic view on the fiscal cliff negotiations. why don't you think a deal gets done? >> well, i just think the parties are too far apart. if president obama wants republicans to agree not only to allow the top tax rates to go up, but also put a new millionaire surtax, new stimulus funding, there's no way republicans do that without many entitlement reform. i think the democrats are prepared to allow, and that's why i just think that i agree with the...
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that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better. >> right. i heard your lead-in on it, and you said this is a new idea floated by howard dean. ints a new idea. several democrats have floated that a while. the code word is going back to the clinton tax rates and talk about the clinton economy and we should go back to the clinton tax rates. what that means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. so it's not new, and no, i don't support that. i don't think that's a great idea at all. it will slow down the economy. >> all right. the truth is when you look at economists' evaluations, it will slow down t
that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better....
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the only thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people will be required to pay the amt in 2012, and they will pay an additional $90 billion in tax. very few of them have any idea this is on the table. host: is the irs prepared? guest: the irs is fairly unusual, but in a correct position, that congress will do the responsible thing -- they took the position that congress will do the responsible thing. they assumed congress will enact a package before the end of the year, and i think that was the reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch of the tax return filing season next year will be q
the only thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people...
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we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my job, they will not pay me. they have not done their jobs in the years. they need to listen to the american people. we picked barack obama up for a reason because we like his policies. they need to get a clue. they are already struggling and having a hard time. if they do not get a clue, they will not be back there. host: republicans say the president and democrats are not making any good-faith offers, the same thing democrats say about repub
we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call...
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as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about controversial comedian katt williams. he has more legal problems after announcing he has unreported. an arrest warrant has been issued for katt williams. chp claims williams almost ran down five people when he drove his motorcycle on to a sidewalk. katt williams also failed to show up at an arraignment in seattle to face charges he hit a man with microphone and threw chairs at fans. despite all the controversy williams managers say he's not retiring and will continue with his nation-wide tour. >>> police in mill valley have arrested a manager of an assisted living facility on suspicion of fraud, identity theft, and f
as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about...
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. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york post" photo has become the source of a lot of controversy. it shows the victim desperately trying to climb up from the tracks as the train approaches. this morning we're hearing that the photographer has said some things in his own defense. cnn's mary snow has more on this report. >> [ bleep ] alone. take your [ bleep ] over there. >> reporter: why exactly these men were fighting is unclear. but moments after this video obtained by the new york police was record 58-year-old ki-suck han whose face is obscured, was pushed on to the tracks, police say, by the man yelling at him. subway barreling through the station killed han with ho
. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york...